Major indices close higher It is a new record close for the S&P index. The index closed up 22.58 points at 2964.34 (up 0.77%). That close surpassed the old record at 2954.18. The index also moved to a new intraday high at 2977.93. That surpassed the old intraday high at 2964.15. The final numbers are
Month: July 2019
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Gold Price Outlook Talking Points: Gold prices have capped a riveting month of June as the yellow metal gained as much as 12.9% from the May 30 low. Gold prices have started to scale back after finding resistance at prior six-year-highs, will bulls step-in to offer higher-low support to continue last month’s topside theme? Gold
Canada is lapping the field The big story in economic data in the past few months has been Canada. Specifically, the strength of the Canadian economy after a lull around year end. The Citi Economic Surprise Index captures how economies have done relative to expectations and Canada stands out as a massive winner. The 131.3
The early optimism is gone NZD/JPY is now in negative territory on the day. The pair gapped higher at the open and continued to 72.94 but has been in full retreat since and that has continued with a fall into negative territory in the past hour. What had looked like a break above the June
Both ISM and Markit Manufacturing PMIs come in better than expected in June. WTI peaks above $60, retraces small portion of daily gains. US Dollar Index clings to daily gains above 96.50. The USD/CAD pair struggled to make a decisive move in either direction during the first half of the day as the oil rally
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Latest data released by Markit – 1 July 2019 ForexLive This continues the abysmal set of manufacturing PMI prints since the weekend. If there’s anything that will burst the bubble of optimism to start the week, this would be it. The PMI prints around the world today have been dreadful, highlighting declines from May and
US-China trade truce weighed heavily on the commodity’s safe-haven status. Investors scale back aggressive Fed rate cut bets and adds to the selling bias. This week’s important US macro data now eyed for a fresh directional impetus. Gold added to its bearish weekly gap opening below the key $1400 psychological mark and dropped to over
USD/JPY sits just under the 108.50 level currently ForexLive As buyers hold near-term control, the pair did hit a high of 108.51 earlier in the day but has since hovered around 108.30-45 for the most part as daily resistance from the 108.50 level is still proving to be a tough spot for buyers to break
GOLD & CRUDE OIL TALKING POINTS: Gold prices rejected at chart resistance, eyeing manufacturing ISM data Already-dovish Fed view may leave room for USD rise in risk-off trade Crude oil prices look vulnerable as OPEC meets to discuss output cuts Gold prices retreated in the wake of the weekend’s G20 summit, where the US and